BounceBit is the pioneer native BTC restaking chain. Its network is secured by staking Bitcoin and native BounceBit tokens. The project’s Proof-of-Stake mechanism provides a new dual-token staking system, using BTC security with full EVM compatibility.
Binance announced the first Binance Megadrop of BounceBit ($BB) project, a BTC re-staking network. Users can participate in the BounceBit Megadrop from 26.04.2024 00:00:00 (UTC).
Binance will then list BounceBit ($BB) on 13.05.2024 at 10:00 (UTC) and open trading in BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY. The "Seed" tag will be applied to $BB.
Binance claimed that Megadrop Allocation will be in the amount of 168,000,000 $BB tokens (8.00% of total supply).
To join Binance Megadrop, users need to log in to the Binance account. The next step is to subscribe to BNB Locked Products and/or complete all assigned Web3 quests via Megadrop in the Binance app to earn points. To complete Web3 Quests (e.g. the Quest for Megadrop is as follows: “Stake 0.0001 BTCB to BounceBit”), users need to make sure that they have at least one active Binance Web3 wallet. They should create first Web3 wallet if they haven't already. After completing all assigned Web3 quests, the next step is to click [Verify] on the Megadrop project page before the end of the quest period to successfully receive Web3 quest bonus and Web3 quest multiplier. Receiving Megadrop rewards based on the user’s total score.
To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so;
Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores;
After completing all the designated Web3 Quest(s), click on the [Verify] button;
Receive Megadrop rewards based on your Total Score.